Mumbai, January 31, 2025 – Crompton Greaves Consumer Electricals Limited (BSE: 539876, NSE: CROMPTON) has disclosed a regulatory action under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Senior Legal Metrology Officer in Meerut, Uttar Pradesh, issued an order for the compounding of an offence, imposing a ₹50,000 penalty on the company. The order was received on January 30, 2025, at 13:22 PM.
Nature of Violation
The violation pertains to non-compliance with the Legal Metrology Act, 2009, as the packaging declaration on a seized Crompton Ceiling Fan did not adhere to the prescribed regulations.Financial & Operational Impact
Crompton Greaves clarified that this penalty does not have any material impact on its financials, operations, or other business activities.The company has formally notified the stock exchanges and assured stakeholders of continued compliance with legal and regulatory frameworks.